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License AGREEMENT This agreement is made at New Delhi on this day of between India Trade Promotion Organization, a Government of India Enterprise, having registered office at Pragmatic Shawn, Pragmatic

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What is licence agreement?

A licence agreement is a legally binding contract between two parties where the licensor grants the licensee the right to use a particular asset, such as intellectual property, software, or technology, for a specified period of time and under specific terms.

Who is required to file licence agreement?

Both the licensor and the licensee are required to file the licence agreement. The licensor files the agreement to grant the licence, while the licensee files the agreement to obtain the rights to use the licensed asset.

How to fill out licence agreement?

To fill out a licence agreement, you need to include the necessary details of the licensor and licensee, the description of the licensed asset, the scope of the licence, the duration of the agreement, payment terms, confidentiality clauses, termination conditions, and any other relevant terms and conditions. It is recommended to consult with a legal professional to ensure the agreement is properly drafted and legally enforceable.

What is the purpose of licence agreement?

The purpose of a licence agreement is to establish the legal rights and obligations between the licensor and the licensee regarding the use of a particular asset. It ensures that the licensor retains control over the asset while granting specific usage rights to the licensee, protecting both parties' interests.

What information must be reported on licence agreement?

The licence agreement should include the names and contact details of the licensor and licensee, a detailed description of the licensed asset, the scope and limitations of the licence, the duration of the agreement, payment terms and conditions, confidentiality provisions, termination clauses, and any other relevant information necessary for the proper understanding and enforcement of the agreement.

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